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$350,000

3122 Avenue M 1/2, Galveston, TX, 77550

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths1 Bath
Baths1,416 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$247.18 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
AppliancesDisposal, Electric Oven, Freestanding Oven, Electric Cooktop, Dishwasher
FlooringTile, Wood

Exterior

Lot Size4,508 sqft

Building Information

Year Built1955
Stories1
Roof Type105

Land Information

APN3510-0013-1013-001
Lot Number12,13
SubdivisionGalveston Outlots
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR PT OF LOTS 12 & 13 (1013-1) NE BLK 13 GALVESTON OUTLOTS & N 1/2 OF ADJ AVE M 1/2
Census Tract724700
Assessed Land Value$86,300
Assessed Improvement Value$194,049
Assessment Year2025

About this property

Rare Galveston Investment Opportunity: Two Fully Renovated Historic Gems on One Lot! Tucked away off the beaten path right in the heart of Galveston, Texas, this unique property features two detached homes on a single lot. Both homes have been beautifully and recently renovated to preserve their timeless coastal character while offering modern peace of mind. Whether you are looking for a high-performing addition to your rental portfolio or a "house-hacking" setup where you live in one and let the other pay your mortgage, this is a turnkey opportunity you cannot afford to miss. Currently tenant occupied in both homes. Pictures taken right before renovation fully complete last year.

Investor Tools

$274,674Estimated Mortgage Balance
$28,326Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month

Interested in this property?

Eric Tucker

Joe Tramonte Realty, Inc.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$548/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,057
$280,349
2025
$86,300
$194,049
$280,349
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,057
$280,349

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nqm Funding Llc
Conventional
$277,500
No
First
Mar 4, 2026
Apr 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$274,674
$28,326
9%
91%
$1,664/mo

City: Galveston

3122 Avenue M 1/2 | Property Details | No Agent List